Published on 26 Apr 2024 on Zacks via Yahoo Finance
LyondellBasell (LYB) Earnings and Sales Beat Estimates in Q1
LyondellBasell Industries N.V. LYB recorded a first-quarter 2024 profit of $473 million or $1.44 per share compared with the year-ago quarter's $474 million or $1.44 per share.LYB posted adjusted earnings of $1.53 per share, down 38.8% from the year-ago quarter figure of $2.50. It beat the Zacks Consensus Estimate of $1.42.The company’s net sales in the first quarter were $9,925 million, which beat the Zacks Consensus Estimate of $9,462.1 million. Net sales decreased around 3.14% from $10,247 million in the prior-year quarter.Lower natural gas-based feedstock and energy costs in North America supported olefins and polyolefins margins, and regional demand for polyethylene increased. The company's North American volume was limited by downtime in olefins, polyolefins, propylene oxide, oxyfuels and acetyls.
LyondellBasell Industries N.V. Price, Consensus and EPS Surprise
LyondellBasell Industries N.V. price-consensus-eps-surprise-chart | LyondellBasell Industries N.V. Quote